During 2014, Patty's Pizza Reported Net Income of $4,212 Million

question 112

Multiple Choice

During 2014, Patty's Pizza reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2013, they reported net income of $3,568 million, interest expense of $163 million and income tax expense of $1,424 million. The times interest earned ratios for 2014 and 2013, respectively, are closest to:

• A) 32.2 and 29.4 times.
• B) 28.4 and 23.8 times.
• C)34.4 and 31.6 times.
• D)34.1 and 26.6 times.

---

Definitions:

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely to occur.

Continuous Random Variable

A random variable that can take an infinite number of values within a given range.

Continuous Probability Distributions

Describes the distribution of possible values for a continuous random variable, where any value within an interval can be a possible outcome.

Continuous Random Variable

A variable that can take an infinite number of values within a given range.